Economic reliance refers to the dependence of one country or region on another for financial stability, resources, or trade. In the context of developing countries, it often implies a high level of dependency on developed nations for investment, aid, and market access.
Related terms
Foreign Direct Investment (FDI): The investment made by individuals or companies from one country into businesses located in another country.
Trade deficit: A situation where the value of a country's imports exceeds its exports over a given period, resulting in an imbalance in trade.
Structural Adjustment Programs (SAPs): Policies imposed by international financial institutions that require developing countries to implement specific economic reforms as conditions for receiving loans or aid.